Archive
Aevum outperforms expectations from IOR merger
Mar 10 2010
1 min read
The Weekly Source

NSW based Aevum has informed the stock market that its operating cash flow for the year will be $3-$5 million higher than the $21.2 million it forecast when it announced its merger with the Victorian-based IOR group in January this year. Net profit after tax is now predicted to be $14-16 million for this financial year from its 3,100 ILU’s and 367 beds.

Latest stories

Archive

$36M Resthaven Bellevue Heights redevelopment in Adelaide opens doors

The South Australian Not For Profit provider has opened Stage 2 of the redevelopment of Resthaven Bellevue Heights in Mitcham, 7km south of Adelaide’s CBD.

Caroline Egan
12 Jun 2025
Archive

Judge reviews final payout approvals in Newmarch House aged care class action

Last Friday, the NSW Supreme Court’s Justice Peter Garling hears from parties in Shine Lawyers’ class action against Anglicare Sydney over the deaths of residents at Sydney’s Newmarch House in the early days of the pandemic.

Caroline Egan
07 May 2025
Archive

Jury considers fate of police officer accused of manslaughter of aged care resident Clare Nowland

Senior Constable Kristian White, 34, has pleaded not guilty to the manslaughter of Clare Nowland, who he tasered at the 40-bed Yallambee Lodge aged care facility, in Cooma, 114km south of Canberra, on May 17, 2023.

Ian Horswill
21 Nov 2024
Archive

Mirus Australia: 57% not confident about their aged care home’s data handling

Just over half of respondents who attended a webinar hosted by the aged care advisory group disagreed with the statement they have proper applications in place managing their data safety and have no manual processes. The same survey by Mirus...

Caroline Egan
06 Sep 2024